09/15 – Adobe To Acquire Figma
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 15 September 2022
⏱️ 18 minutes
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| 0:00.0 | Welcome to the Tech Meme Ride Home for Thursday, September 15th, 2022. |
| 0:08.0 | I'm Brian McCullough today. |
| 0:09.8 | Adobe plans to acquire Figma for the biggest ever private software company acquisition. |
| 0:15.0 | Is this a sign of things to come in the productivity space? |
| 0:18.0 | Happy the merge day for Etheorem. |
| 0:20.4 | Tic-talk just copied and pasted a B-real clone and California launches the first lawsuit |
| 0:26.3 | against Amazon in the U.S. that might have real consequences. |
| 0:30.1 | Here's what you miss today in the world of tech. |
| 0:36.9 | Huge news this morning. Adobe plans to acquire UI design and prototyping tool Figma |
| 0:41.7 | for around $20 billion in cash and stock. Figma CEO Dylan Field will |
| 0:46.4 | stay on in his role as head of Figma. Though shareholders don't seem to like this |
| 0:52.2 | news, Adobe's stock dropped 12% this morning on the news, |
| 0:57.8 | but come on, this is a smart defensive play on Adobe's part, right? |
| 1:02.1 | quoting Bloomberg. |
| 1:03.3 | The deal announced by Adobe, which is a mix of half cash and half stock, |
| 1:07.4 | confirms an earlier Bloomberg report |
| 1:09.4 | and would mark the biggest ever takeover of a private software company according to data |
| 1:13.6 | compiled by Bloomberg. Figma which allows customers to collaborate on |
| 1:17.4 | software as they build it saw demand jump during the pandemic while more people |
| 1:22.2 | worked remotely. |
| 1:23.0 | The company expanded its customer base in recent years from software designers at big companies like AirB&B, |
| 1:28.4 | Google, Herman Miller, and Kimberly Clark to also include individuals building lightweight games maps and |
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